SunTrust taps Hunton to retrieve loan from diamond seller Shane

Posted on January 27, 2009 12:59 by Andy Peters

Now you have a lawyer in the Shane Co. bankruptcy case.diamond ring

Hunton & Williams partners Bruce Moorhead Jr. in Atlanta and Craig Rasile in Miami are advising SunTrust Banks Inc. in Shane Co.’s Chapter 11 case. SunTrust provided the diamond seller with a $300,000 loan in September, prior to the company’s bankruptcy filing, according to documents in federal bankruptcy court in Colorado.

Shane Co., based in Centennial, Colo., is perhaps best known for its long-running radio advertisements in the Atlanta market proclaiming, “now you have a friend in the diamond business.” Shane Co. filed for bankruptcy on Jan. 12 in federal bankruptcy court in Colorado. All Shane Co. stores remain open.

Rasile is co-chair of Hunton’s bankruptcy practice group. Moorhead, who works out of Hunton’s Atlanta and New York offices, is co-chair of the firm’s lending services practice group.

The Maynard Firm’s George F. Maynard of Atlanta is representing the landlord of Shane Co.’s store at 10885 Haynes Bridge Road in Alpharetta, Ga. Skadden, Arps, Slate, Meagher & Flom and Fairfield & Woods are debtor counsel.


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Janet ConleyThe Deal Watch Blog is devoted to bringing you the latest news in business law in Atlanta, the Southeast and the U.S. The lead writer is Daily Report associate editor Janet L. Conley.

Janet L. Conley is an attorney who returned to journalism after practicing law with Akin, Gump, Strauss, Hauer & Feld in Washington and with the Georgia Legal Services Program in Atlanta.

During her tenure at the Daily Report, Janet, now the paper's associate editor, has covered law firm economics and management, business and federal courts. In 2007, she received the Georgia Associated Press Story of the Year award and the Atlanta Press Club’s Journalist of the Year award, both for small circulation newspapers, for "Green to Gold," a series of articles on how climate change will alter business and the law.

Janet has written for The American Lawyer magazine and the National Law Journal, among other publications. She also served as managing editor of GC South magazine.

Janet holds a journalism degree from Southern College and a juris doctor degree from the University of Pennsylvania. She lives in Decatur with her husband Mark Harper, also an attorney, and their three children.

She can be reached at jconley@alm.com.

Andy PetersThe contributing writer is Daily Report staff reporter Andy Peters.

Andy Peters has been a journalist since graduating from Furman University in 1992. A short list of the subjects he’s covered includes the Georgia state Legislature, the U.S. semiconductor industry, the Alabama-Florida-Georgia “water wars” litigation, the 1999 American Airlines pilots strike, Coca-Cola and PepsiCo’s battle to acquire the Gatorade sports-drink brand, indie rock music and high school football. Andy has written for Bloomberg News, the New York Times Web site, the Macon Telegraph, the Spartanburg (S.C.) Herald-Journal and the Atlanta Business Chronicle.

Andy has written the Deal Watch column for the Daily Report since March 2006. He was born in Chattanooga, Tenn. in 1971 and grew up in Ringgold, Ga. He lives in Decatur with his wife and two children.

He can be reached at apeters@alm.com.

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